Software Revenue Recognition
Simplify The Process of Revenue Recognition
Efficient management of your revenue processes is not only key to profitable growth; it is also fundamental to customer satisfaction. If your ordering process is in one system, but invoicing and collections is in another, then there is a lot of potential for errors, delays, and mis-communication. You need the right accounting software that can embed your billing, payment tracking, and collections activity alongside your sales and service apps. You need FinancialForce.com.
With FinancialForce, you can automate the entire revenue recognition processes on the Salesforce platform. Eliminating the error-prone and time-intensive spreadsheets, FinancialForce automates recognition calculations, adheres to key revenue recognition standards, and increases visibility and auditability.
Does your company need help with revenue recognition?
Download the FinancialForce Revenue Recognition Datasheet
Benefits of choosing FinancialForce:
- Eliminate complex revenue recognition spreadsheets - Quit spending your valuable time entering data into multi-row documents, and simplify the process while improving the visibility and auditability of your revenue recognition information
- Link recognition entries tightly to source data - Rather than re-entering source data and trigger event information into spreadsheets, simply link to the source data stored on the Salesforce platform
- Stay compliant and in control - Supports AICPA, FASB and SEC regulations (including SOP 81-1, SAB 101, and EITF 00-21), including the requirements for Vendor Specific Objective Evidence or VSOE, and Sarbanes-Oxley
- Process multi elements efficiently - The multilevel structure of FinancialForce Revenue Recognition organizes and simplifies the process of tracking, calculating, and properly creating the right entries from multi element arrangements down to a line item level
Revenue Recognition & Forecasting Tour - Watch Now
Centralize revenue streams in a single revenue recognition solution. Get compliant with the new ASC 606 & IFRS 15 standards. Automate calculations, reduce your period-end close and gain a complete picture of your organization’s revenue - both recognized and deferred.